short-refi

I’ve written an article on short-refi’s, and I hope to have updates of FHA short refi programs for you in the future. From what I’ve heard you can apply for a short refi before a loan modification, and then your plan is to get pre-approved through FHA with another lender, and around the same time get a principle reduction as part of a 2 step process. This gets you out of your own loan and into another loan that you’ll …

A short refi is a concept that a home owner does in the beginning when they are first find themselves late on payments and they are looking for a principle reduction. This concept can be like a loan modification except it’s more designed for a principle reduction. It’s like a short sale in that way except you would stay and continue to live in the property. Short-refi’s are not yet that popular, and I find that some people haven’t heard...

Most of you have heard the news from Obama as it relates to companies, and services that can help you with your home solution in this current economy. Chances are you took out a mortgage, or home loan a few years ago with your bank and now you are afraid that you may have bad credit, or owe too much on your house, now that housing prices have gone down. Federal laws have come out with some great loan modification …